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Table of Contents

Overview

As part of their FixProxy Spec Cboe supports , CboeFX supports:

  1. SPT and NDF cboefx_fixproxy TakerNDF on Taker Feed
  2. SPT and NDF cboefx_fixproxy MakerNDF on Maker Feed
  3. SPT and NDF cboefx_fixproxy FullAmount TakerNDF on FullAmount Maker
  4. SPT and NDF cboefx_fixproxy FullAmout MakerSPT cboefx_fixproxy CboeCentral TakerNDF on FullAmount Maker
  5. SPT only on Cboe Central Taker

Taker Feed

On  CboeFX Taker Feeds, the Client can send Day and IOC orders. Market Day orders are supported on SPT ECN but not on NDF ECN.

  • TIF=DAY - Once an order is placed, if the order is not executed immediately, it stays active with OrdStatus=New and if unfilled gets cancelled only at the end of trading day. 
  • TIF=IOC - Once an order is placed, if the order is not executed immediately, it will be automatically expired.

The ExecutionReport providrd additional information in the Text field as follows:

  • All IOC misses  can be expired with any of these reasons:
    • Lastlook decline
    • Lastlook timeout
    • MinQty
    • LotSize
    • Insufficient PB credit
    • Insufficient Collat credit
    • Price no longer available
  • Aggressive trades  will contain an indication of the resting/passive-side liquidity source:
    • Passive is last look
    • Passive is firm

Additional Material

Further detail is provided in the following page(s):

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